we spend more than the top ten countries in the world on defense over $1 trillion. so i think we spend six times more than china currently. like russia may have done in the old days, we may spend ourselves into obsoleteness. >> if we avoid the cliff are we putting a band-aid on bigger issues such as social security spending? obviously, something needs to be done to fix this for the future. >> right. the priorities of our country, who pays for it and how much government to we want? that's lining up republicans on one side, the democrats on the other. the differences have never been so stark. it's kind of a shirts and skins game in washington, as you know. 50/50 and this election was not exactly a mandate. you've got the same players in place, boehner and can'ter and pelosi, obama and reid. >> you're confident that we'll get it done? >> i'm positive about the american people. at some point in time we have to do this. i'd rather ease into it than have an event that makes us have to do it. we're thinking along the right ways right now. we've got do it at some point. >>